Brokers warned over client money changes

A pile of coins with two magnifying glasses

The FSA's consultation paper - CP12/20 - Review of the client money rules for insurance intermediaries - proposes changes to the client assets (CASS) rules to ensure that clients' monies are protected in the event of a firm's failure. And the accountant and insurance consultant firm has urged brokers to respond to this consultation.

Stuart Markley, a partner with the Moore Stephens insurance team, said: "It is fair to say that the FSA has never been entirely comfortable with the way insurance

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